264 Timber LaneCheshireCT06410
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cheshire at 264 Timber Lane, Cheshire, CT, 06410 offers $3,130/mo rent that, after a $2,056/mo payment, leaves $276/mo cash flow. Total monthly income is $3,130/mo, and annual cash flow is $3,312/yr on $139,230 cash. Return on cash invested measures 22.29% in year one, and rental yield stands at 8.94% at a $420,000 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,038 by year five. Five-year ROI records 116.39% and total cumulative return in cash reaches $162,043. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,130/mo property income versus a $2,056/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06410, Cheshire, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,563 (100%) |
| Owner Occupied HU | 8,882 (84.1%) |
| Renter Occupied HU | 1,273 (12.1%) |
| Vacant Housing Units | 408 ( 3.9%) |
| Median Home Value | $479,284 |
| Average Home Value | $506,891 |
Housing Distribution
Address Breakdown
Residential
10,425
Single Family
9,844
Multi-Family
581
Businesses
970
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Listed by: Michael Maynard • New Neighbors Real Estate
Mls Name: Smart MLS
Mls ID: #24092124